Tag Archives: tax

Record breakers

According to reports, many businesses visited by HMRC have failed to meet the standard required for ‘accurate and adequate’ business records. These failing businesses normally face further inspections to ensureimprovements have been made. Businesses should ensure that their records are … Continue reading

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Cars

If you’re leasing a car for use in your business there are quite a few factors to consider.  It could end up costing you more than you think. There are various folk ideas about the realtive cost of car. The … Continue reading

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Entrepreneurs Relief – a quick introduction

On the 6th April, after the Chancellor’s announcement in March, the lifetime limit on capital gains which qualify for entrepreneurs’ relief was be doubled to £10 million. This means, simply, that the first £10m of qualifying gains are taxed at … Continue reading

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Budget post 4 – Personal Tax

And now the last post in this mini series summarising the most notable changes from the recent budget,. This post looks at Income tax, Capital gains and Inheritance take. In summary? “Personal allowances are changing to the benefit of basic … Continue reading

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Budget Post 3 – National Insurance

For the final 2 posts we’ll be focussed on personal taxes.  Today, National Insurance. In summary? “Company cars and the provision of private fuel are getting more expensive and childcare relief is being capped; the future may bring an integration … Continue reading

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Budget post 2 – VAT

VAT: Changes to registration and deregistration thresholds OK, budget post number 2 and it’s time to have a look at VAT. The details of the main changes are in the table below.  If you want a one liner again then… … Continue reading

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Budget post 1 – Company Tax

Does anybody remember that there was a budget last week?  Good.  We’ve been talking to our clients about the effect on their business over the last few days.  We include a budget business review as part of our fixed price … Continue reading

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